Illinois’ unemployment rate held steady in October at 5.4%. During the month nonfarm payroll employment gained 14,100 jobs. October’s gain follows four consecutive monthly declines.
“For 2015, job growth this month was the strongest since February and it is positive that we reversed the four-month decline preceding these numbers. Our job growth rate, however, continues to lag behind the nation,” said IDES Director Jeff Mays. “While the unemployment rate remained unchanged in October, our workforce participation rate edged up slightly as more people entered the labor force and more people found jobs during the month.”
The state’s unemployment rate is still trailing behind the national unemployment rate, which reached 5% in October. Local county unemployment numbers will likely be released within the next week.